SCHEDULES
SCHEDULE 3Relief for expenditure on R&D
Abolition of vaccine research relief for SMEs
22
1
Section 1087 (deduction in calculating profits of trade) is amended as follows.
2
In subsection (1), for “and C” substitute “
, C and D
”
.
3
After subsection (4) insert—
4A
Condition D is that the company is a large company throughout the period.
4
For subsection (7) substitute—
7
For the amount of the deduction see section 1091.
5
In subsection (9)—
a
in paragraph (a), omit “large”,
b
omit paragraph (b), and
c
in paragraph (d), for “sections 1099 and 1100” substitute “
section 1100
”
.